The Net Zero Carbon Alliance (NZCA), which is a pioneering collaboration of Philippine corporates and organizations that are genuine stewards for the environment and the planet, is calling on businesses to pursue veritable net zero goals and for them to veer away from ‘greenwashing’ duplicity....
Lopez-led First Gen Corporation will be supplying additional 20 megawatts of renewable energy-based capacity to Central Negros Electric Cooperative (CENECO), one of the biggest power distribution utilities in the Visayas region. In a statement to the media, First Gen noted that the supply of...
The Energy Regulatory Commission has granted the plea of power utility giant Manila Electric Company (Meralco) and its affiliate-firm Panay Energy Development Corporation (PEDC) on their contract price adjustment. In tandem with that ruling of the Commission had also been the approval on a...
Owing to profit contribution of its all-renewable energy (RE) subsidiary, First Gen Corporation has posted a 30 percent hike in its recurring net income to $167 million, approximately P9.0 billion, in the first half of the year versus $128 million or P7.0 billion, in the same period last...
Lopez-led Energy Development Corporation (EDC) has formally pulled out its concession for geothermal resource exploration in Peru, citing turbulent political situation in that Latin American energy market as the main reason for such investment decision. The company - via its parent firm First Gen...
Leading clean energy provider First Gen Corporation and its geothermal subsidiary Energy Development Corporation (EDC) earned preeminent recognitions at the 8th Asia Integrated Reporting Awards (AIRA), one of the most prestigious award-giving bodies in the region. The company indicated that First...
Retrofitting existing gas-fired power plants to hydrogen, which is also a business model eyed by several energy firms in the Philippines for their mid-century net zero targets, could take five to seven years, according to an expert from a Japanese global engineering firm. Takakazu Morimoto,...
Senator Raffy Tulfo on Friday, November 11, welcomed President Marcos’ call for aggressive action to address the country’s short-term and long-term energy requirements. In a statement issued today, Tulfo thanked the Chief Executive for promptly responding to the pressing issue on energy, saying...
For a safe and healthy Toledo City. Present during the simple turnover of CEDC and GTFI’s swab test booth and industrial fan donation to the City’s local hospital were (L-R) Mrs. Chia Eliana, Admin head of Toledo City Hospital; Dr. Abigail Cecile Trocio, Chief of Clinics - Toledo City Hospital;...
Eligible businesses and institutions may now take concrete steps to lower their carbon emissions by getting power from licensed Green Energy Option Program suppliers like EDC's Green Core Geothermal, Inc. There is a ‘deepening revolution’ happening in the energy sector – it’s not just a...
ERC hints ‘pricing play’ The country’s giant power firms have been tagged as the culprits in last week’s rotational brownouts with “forced outages’ of their power plants going beyond the time allowance prescribed by the Energy Regulatory Commission (ERC). In a Congressional hearing on...
The board of directors of First Gen Corporation approved the declaration of cash dividends on array of its preferred shares that shall be paid to its shareholders by January next year. The company, in its disclosure to the Philippine Stock Exchange (PSE), stated that it will extend cash dividend of...
